RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ORBTEXP.NS
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Stronger technical forecast for Orbit Exports Limited stock price after Thursday trading.
(Updated on Mar 28, 2024)

Sell candidate since Mar 05, 2024 Loss -16.72% PDF

The Orbit Exports Limited stock price gained 1.80% on the last trading day (Thursday, 28th Mar 2024), rising from ₹138.75 to ₹141.25. During the last trading day the stock fluctuated 4.88% from a day low at ₹139.40 to a day high of ₹146.20. The price has fallen in 7 of the last 10 days and is down by -6.7% for this period. Volume fell on the last day by -40 thousand shares and in total, 32 thousand shares were bought and sold for approximately ₹4.48 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹138.15 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.84% during the next 3 months and, with a 90% probability hold a price between ₹114.89 and ₹152.20 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

ORBTEXP.NS Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 1.80%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Orbit Exports Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹147.89 and ₹171.98. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Orbit Exports Limited stock

Orbit Exports Limited finds support from accumulated volume at ₹138.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹6.80 between high and low, or 4.88%. For the last week, the stock has had daily average volatility of 5.52%.

Orbit Exports Limited is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ORBTEXP.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Orbit Exports Limited to open at ₹142.28, and during the day (based on 14 day Average True Range), to move between ₹133.53 and ₹148.97, which gives a possible trading interval of +/-₹7.72 (+/-5.47%) up or down from last closing price. If Orbit Exports Limited takes out the full calculated possible swing range there will be an estimated 10.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹138.75 (1.77%) than the resistance at ₹163.15 (15.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Orbit Exports Limited stock A Buy?

Orbit Exports Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.011 Sell Candidate Upgraded

Predicted Opening Price for Orbit Exports Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹142.28 ( 0.732%) ₹141.25

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ORBTEXP.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 149.08 5.55 %
R2 146.49 3.71 %
R1 144.88 2.57 %
Current price: 141.25
Support S1 139.69 -1.11 %
S2 138.08 -2.24 %
S3 135.48 -4.08 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 174.60 23.61 %
R2 169.60 20.07 %
R1 163.15 15.50 %
Current price 141.25
Support S1 138.75 -1.77%
S2 0 .
S3 0 .

ORBTEXP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 28, 2020 Mar 16, 2020 Mar 20, 2020 ₹3.00 5.05%
2 May 22, 2017 Aug 30, 2017 Oct 11, 2017 ₹0.600 0.376%
3 Feb 14, 2017 Feb 14, 2017 Feb 14, 2017 ₹0.500 0.303%
4 May 30, 2016 Sep 07, 2016 Oct 30, 2016 ₹0.750 0.559%
5 Feb 10, 2016 Feb 18, 2016 Mar 11, 2016 ₹1.13 0.81%

FAQ

What is the symbol for Orbit Exports Limited Stock and on which exchange is it traded?
The symbol for Orbit Exports Limited is ORBTEXP.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Orbit Exports Limited Stock?
Orbit Exports Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy Orbit Exports Limited Stock?
Orbit Exports Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Orbit Exports Limited Stock.

What's the current price of Orbit Exports Limited Stock?
As of the end of day on the 2024-03-28, the price of an Orbit Exports Limited (ORBTEXP.NS) share was ₹141.25.

What is the 52-week high and low for Orbit Exports Limited Stock?
The 52-week high for Orbit Exports Limited Stock is ₹229.40 and the 52-week low is ₹114.05.

What is the market capitalization of Orbit Exports Limited Stock?
As of the 2024-03-28, the market capitalization of Orbit Exports Limited is 3.732B.

When is the next earnings date for Orbit Exports Limited?
The upcoming earnings date for Orbit Exports Limited is May 04, 2024.
Click to get the best stock tips daily for free!

About Orbit Exports Limited

Orbit Exports Limited Orbit Exports Limited manufactures and sells novelty fabrics, ribbons, and made-ups in India. The company operates in two segments, Manufacturing of Textile and Renewable Source of Energy. It offers faux silk fabrics, fashion Jaquards, and Christmas crafts. The company also exports its products to the United States, Latin America, Africa, Europe, and the Middle East. Orbit Exports Limited was incorporated in 1983 and is headquartered in Mumbai, I... ORBTEXP.NS Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT